In a private meeting with the US ambassador to China in 2007, provincial Communist party secretary Li Keqiang described his country’s gross domestic product figures as “man-made” and unreliable.
To get a good idea of what was happening to the economy in his province of Liaoning, Mr Li said he preferred to focus on three alternative indicators: electricity consumption, volume of rail cargo and the amount of loans disbursed.
All other figures, and especially GDP statistics, were “for reference only”, Mr Li told the ambassador, with a broad smile on his face.
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